Reply to If you have 5-10 million net worth, why do you stay here?

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[quote=Anonymous][quote=Anonymous]Honest question.

Just got back after two months in South America (including some very dangerous areas), and didn’t see much crime.

Land in Newark, and witness a knife altercation outside Newark Penn station.

I just don’t understand why anyone stays in the us outside of the chance of economic opportunity.

But on a more serious note, a lot of dcum’ers have 5-10 net worths…why aren’t you guys buying your way out to San Sebastián or Bilbao or lake garda or lucca or strasbourg, nice, aix-en-Provence, tours, Innsbruck etc…just as examples.

….5-10 is more than enough to insulate yourself from the cost of living in nice European towns, partially retire and live off of an actively managed portfolio while consulting or doing odd stuff here or there for some pocket change if you want to.

Is it friends/family?

Before people accuse me of being a poor, I have a number of friends who make 1.5-2 a year, and I’m not that envious of their lives and they still have to deal with some of the same QoL stuff by virtue of living here. It’s not like their lives are magically in a bubble 
where it’s suddenly a Swiss style living for them because of their income and wealth.

Maybe my one friend who exited to park city that makes around 3 a year is the only one that seems to have insulated himself well.

[/quote]

Two responses.  Your observations are just wrong.  You would rather be in Newark than most anywhere in the world.  Less crime, poverty, better healthcare than any of the places you mentioned.  You just don’t see it.  Second 5-10 million does not get you a umc life even in these places.  10 is closer and could work 5 is nothing.  But if you have 5-10 life is great in the US.  Why would you move?[/quote]

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